Orange County NC Website
t <br /> 4 <br /> Attachment#1 <br /> Comparison of terms suggested on 1/16/96 vs.those agreed to by the Owner: <br /> LEASE TERMS SUGGESTED ON 1/16186 LEASE TERMS AGREED TO BY OWNER <br /> Amount of space to be leased 12,700+/= Amount of space to be leased 13,232. The <br /> Landlord had the square footage measurements <br /> verified and they are in fact more than what he <br /> originally indicated to us. <br /> Three year lease term Five year lease term <br /> Lease rate between 6.50-8.00"(included no taxes) $7.50/includes all taxes <br /> Tax liability is approximately$9,000 annually for <br /> this property. <br /> Utilities;paid by County Utilities paid by County;except water,which is paid <br /> by Landlord. <br /> Cleaning;County provides Cleaning;County provides <br /> Maintenance; County provides routine Maintenance; County provides routine <br /> maintenance and up to$2,000 annually for HVAC, maintenance for walls&ceilings(painting),floor <br /> electrical, plumbing systems repairs. Landlord coverings, normal plumbing repairs, minor <br /> provides all major repairs,including sidewalk and electrical repairs. Landlord will provide all <br /> parking lot;all exterior repairs. maintenance to HVAC, roof,exterior of building, <br /> sidewalks, parking lot and any other repairs which <br /> exceed the ceiling amount established as County <br /> responsibility. <br /> Insurance;County insures general liability and Insurance; As suggested on 1/16/96. <br /> contents to the extent of our interest in the building. <br /> Landlord provides hazard insurance for the <br /> structure. <br /> Escalation to be according to CPI. CPl <br /> Right of refusal to buy included in lease. Right of second refusal is included in lease; <br /> Chapel Hill Publishing Company has right of first <br /> refusal. <br />